SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PATTERSON ARTHUR C

(Last)

(First)

(Middle)

ACCEL PARTNERS

428 UNIVERSITY AVE

(Street)

PALO ALTO

94301

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ACTUATE CORP [ ACTU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/10/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								345,960	I	See footnote⁽²⁾⁽⁴⁾
Common Stock								40,000	I	See footnote⁽³⁾⁽⁴⁾
Common Stock	05/10/2004		P		5,000	A	$3.1457	704,971	D
Common Stock	05/10/2004		P		5,000	A	$3.1169	704,971	D
Common Stock	05/10/2004		P		10,000	A	$3.12	704,971	D
Common Stock	05/10/2004		P		10,000	A	$3.11	704,971	D
Common Stock	05/10/2004		P		10,000	A	$3.095	704,971	D
Common Stock	05/10/2004		P		307	A	$3.04	704,971	D
Common Stock	05/10/2004		P		5,000	A	$3.1457	519,939	I	See footnote⁽¹⁾⁽⁴⁾
Common Stock	05/10/2004		P		5,000	A	$3.1169	519,939	I	See footnote⁽¹⁾⁽⁴⁾
Common Stock	05/10/2004		P		10,000	A	$3.12	519,939	I	See footnote⁽¹⁾⁽⁴⁾
Common Stock	05/10/2004		P		10,000	A	$3.11	519,939	I	See footnote⁽¹⁾⁽⁴⁾
Common Stock	05/10/2004		P		10,000	A	$3.095	519,939	I	See footnote⁽¹⁾⁽⁴⁾
Common Stock	05/10/2004		P		306	A	$3.04	519,939	I	See footnote⁽¹⁾⁽⁴⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Owned by ACP Family Partnership L..P. ("ACPFP"). The reporting person is general partner of ACPFP.

2. Owned by Ellmore C. Patterson Partners ("ECPP"). The reporting person is the general partner of ECPP.

3. Owned by Patterson Family Foundation ("PFF"). The reporting person is the trustee of PFF.

4. The reporting person disclaims beneficial ownership within the meaning of the Exchange Act of 1934, except to the extent of his pecuniary interest therein.

	Tracy L. Sedlock, Attorney in Fact for Reporting Person	05/11/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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